ANA charts path to record profit in 3 years, topping pre-COVID high

Renewed demand and cost cuts seen lifting margin, but slowing economy poses risk

20221028N ANA plane

ANA Holdings expects earnings to rebound on stronger travel demand after two years of losses. © Reuters

HAJIME MATSUMOTO, Nikkei staff writer

TOKYO -- Japan's ANA Holdings aims to boost group operating profit to a record 200 billion yen ($1.4 billion) in fiscal 2025, counting on a rebound in travel demand and growth outside its mainstay airline business to escape a pandemic slump.

The figure would beat ANA's all-time high of 165 billion yen, set in fiscal 2018. The carrier targets group sales of 2 trillion yen and a 10% operating profit margin for fiscal 2025, setting a specific time frame for what had been a vaguer medium-term goal.

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